False Dawn in China’s Economy

Analysts Jump too Quickly on News out of the National People’s Congress

The economic news out of China recently has drawn glowingChina’s industrial output in January and February rose 6.3 per cent compared with the same period a year ago and fixed-asset investment strengthened to 8.9 per cent in the first two months. We think this view is far too optimistic. China continues to undergo a credit-fueled economic bubble.